The silver market initially rallied during the trading session on Thursday but found itself struggling as soon as we got to the $50 level. This is worth watching, because the $50 level has a long history of being an absolute ceiling in this market. The markets continue to see a lot of volatility at this point, and I do think that it will be very difficult for the $50 level to be broken. If we do break above that level, then it’s likely that we should see even more “FOMO trading”, but at this point in time I think silver has gotten a little bit ahead of itself. The trend is still very much to the upside, but we also ... (full story)